Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) to Issue $0.07 Monthly Dividend

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) announced a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be given a dividend of 0.0665 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen Minnesota Quality Municipal Income Fund Price Performance

NYSE NMS traded down $0.02 during trading on Wednesday, reaching $12.42. The company’s stock had a trading volume of 2,232 shares, compared to its average volume of 15,580. The firm has a fifty day moving average of $12.11 and a 200 day moving average of $12.00. Nuveen Minnesota Quality Municipal Income Fund has a one year low of $11.07 and a one year high of $12.49.

Institutional Investors Weigh In On Nuveen Minnesota Quality Municipal Income Fund

Hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC increased its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 2.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 62,752 shares of the company’s stock worth $735,000 after buying an additional 1,400 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Nuveen Minnesota Quality Municipal Income Fund by 73.4% during the 3rd quarter. Raymond James Financial Inc. now owns 33,077 shares of the company’s stock worth $394,000 after acquiring an additional 14,000 shares during the last quarter. Access Financial Services Inc. grew its position in Nuveen Minnesota Quality Municipal Income Fund by 32.4% in the fourth quarter. Access Financial Services Inc. now owns 30,797 shares of the company’s stock worth $361,000 after acquiring an additional 7,537 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its stake in Nuveen Minnesota Quality Municipal Income Fund by 45.9% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 27,945 shares of the company’s stock valued at $328,000 after acquiring an additional 8,790 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Nuveen Minnesota Quality Municipal Income Fund by 82.4% during the 4th quarter. Cetera Investment Advisers now owns 20,415 shares of the company’s stock valued at $239,000 after purchasing an additional 9,225 shares during the last quarter.

About Nuveen Minnesota Quality Municipal Income Fund

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment company managed by Nuveen, a global asset manager specializing in fixed income and tax-advantaged strategies. The fund’s primary objective is to provide current income exempt from federal and Minnesota state personal income taxes by investing predominantly in municipal securities issued by entities located in or serving the state of Minnesota.

The fund’s portfolio is concentrated in investment-grade general obligation and revenue bonds that finance public projects such as schools, transportation infrastructure, and utilities throughout Minnesota.